Today, Yuanlian Technology officially announced that it has obtained tens of millions of yuan A round of financing, led by Huaying Capital and followed by Hu汯 Assets. This is the third round of financing obtained since the establishment of Yuanlian Technology, and the company has accumulated more than 100 million yuan of financing.

Ye Sihai, founder and CEO of Yuanlian technology, believes that Yuanlian technology can repeatedly win the favor of the capital market, and the key is that its products can help small and medium-sized manufacturing enterprises achieve digital transformation at a lower cost.

What do you mean? In the past, the starting cost of digital transformation in manufacturing has exceeded millions. Most small and medium-sized enterprises cannot afford it.

However, due to the background of the team from Huawei Cloud, Yuanlian technology has found that through the edge cloud of industrial security, it can build a localized intelligent manufacturing platform, eliminating the steps of enterprises to build computer rooms and special lines, thus greatly reducing the cost of enterprise digital transformation.

Therefore, the team developed an industrial intelligent machine “Industrial Rubik’s Cube”. By integrating hardware and software algorithms, the industrial Rubik’s Cube is similar to a micro data center, which can support the digital needs of many manufacturing enterprises in selecting products, adjusting goods, quality testing, calculating input-output ratio and other aspects with one machine, and reduce the cost to 100,000 yuan.

At present, Yuanlian has successfully implemented 10 major industry solutions, across electronics, new energy, new materials, machinery, equipment, food, medicine and other industries, customers include Yangzijiang Pharmaceutical, Dongfeng Motor, Honghua Electric, Jiangxi Tungsten industry benchmarking enterprises.

Yuanlian has also obtained the national high-tech enterprise certification and the national specialized special new small giant certification.

Ye Sihai also told the small dinner table: “The funds of this round of financing will continue to be used for industrial intelligent machine software and hardware research and development and marketing.” “The market for digital transformation for smes is really much bigger than most people think.”

Cloud computing team, targeting the digital transformation of smes

“The idea of edge cloud has a natural fit with the digital transformation of industrial enterprises.” Ye Sihai told the small table.

Prior to the establishment of Yuanlian Technology, the founding team of Yuanlian had served in Huawei cloud core positions for many years.

More than ten years of work experience in Huawei Cloud has made the team realize that the digital transformation of small and medium-sized enterprises is a huge incremental market, but the demand has not been met, and the development of edge cloud technology has brought new ideas to the market.

First of all, in terms of market size, according to the data of the Ministry of Industry and Information Technology, in 2022, China’s total industrial added value exceeded 40 trillion yuan, accounting for 33.2% of GDP, and the scale of manufacturing ranked first in the world for 13 consecutive years.

At the same time, in accordance with the “14th Five-Year Plan” intelligent manufacturing development Plan, 70% of manufacturing enterprises above the scale of 2025 should basically achieve digital networking, which means that a large number of manufacturing enterprises need intelligent transformation and services, and the market size is more than 100 billion.

However, despite the vast market prospects, digital transformation is a real problem for small and medium-sized manufacturing enterprises.

Ye Sihai told the small dinner table that digital transformation is a complex system engineering, and the installation cost of digital systems will be millions of yuan. Large manufacturing companies are well-funded and have professional digital teams, so the transformation is relatively easy.

But for smes, there is neither the capital to support the transformation nor the digital team, so “very few smes have completed the digital transformation.”

Relevant data show that at present, the average investment in digitalization of manufacturing enterprises is only one-thousandth of their annual income, which means that a factory with a revenue scale of 100 million yuan is only willing to spend 100,000 yuan per year on digitalization.

“The most likely way to reduce the cost of digital transformation of a million enterprises to less than $100,000 is to use edge cloud technology.” Ye Sihai told the small table.